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know, this is not speculation. i have lived the last four years under the obama administration, and i've watched my company be cut in half. today we're very profitable, and i don't want to go through another four years under the obama administration where i have to downsize again. >> you cut the company in half as a result of tax policy? is that what happened? >> no, it had nothing to do with tax policy. it had to do with the tightening of the banks. tightening of money. when they gave t.a.r.p. money to the banks, they should have told them to loan it out. instead, the banks kept the money, bought back their own bonds and stock. they made their own balance sheets very good. they didn't spread the money around to businesses that were starving for financing. as a result, we had to cut our company in half. we had to lay off 7,000 employees and be very lean and mean to survive. well, it was a very unpleasant experience, and i don't feel like going through it again, but this was before obamacare, before increasing my taxes. i can see the future. >> it sounds like you're dealing with the re
that is killed our ambassador in benghazi, house republicans grilled the obama administration today. and you won't believe what really happened. a lot of news has broken. >>> and don't forget, worldwide, i'm talking worldwide but especially in the usa, free market capitalism, always the beth path to prosperity, may well be unleashed once again. and that is just totally bullish. i'm larry kudlow. we'll be right back. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. you. we know you. we know you have to rise early... and work late, with not enough sleep in between. how you sometimes need to get over to that exit, like, right now. and how things aren't... just about you anymore. introducing the all-new, smart-sensing... honda accord. it starts with you. >>> in about 24 ho
the same position before the withdraw which was we agreed with the obama administration, let's have a force agreement to make sure we secure our gains. the vice president was put in charge of those negotiations by president obama and he failed to get the agreement. we don't have a status of forces agreement because they failed to get one. that's what we are talking about. when it comes to our veterans we owe them a great debt of gratitude for what they've done for us, including your son beau, but we don't want to lose the things we fought hard to get. afghanistan, the 2014 deadline we agree with the 2014 transition but what we also want to do is make sure we're not projecting weakness abroad. that's what's happening here. this benghazi issue would be a tragedy in and of itself but unfortunately it's indicative of a broader problem. and that is, what we're watching on our tv screens is the unraveling of the obama foreign policy. which is making the world more chaotic and us less safe. >> i just want to talk to you about right in the middle of the crisis. governor romney and you're talking ab
into effect during the obama administration to try to reach out to minority groups. that's a worthy goal, but you don't do it with taxpayer money when it's irrelevant to the mission of the agency. frankly, it's something to be done in a different way. >> this has a gsa feel to it. it has nothing to do with the ag department's mission. it's wasting taxpayer money. the whole idea having people chanting, larry, is so offensive to me. these are federal employees. these are adults. i can't -- someone has to investigate this. this one really smells. >> absolutely. it creates animosity between the races. it doesn't help anything. it actually makes it worse. >> it sends the wrong message at the very least. alarry, thank you very much. >> you're welcome. >>> we asked the usda for a statement. here's what they told us. quote, usda offers a number of optional workshops and professional development opportunities in order to help employees better serve our customers. the suiter and those sessions were designed to foster overall diversity awareness and not to focus on a minority group and receive posi
by the obama administration and those are the numbers that come out. >> that's a pretty volatile number and it may get thrown out. >> let's say the government, say in september the government hired 187,000 people and in august the government hired 417,000 people, that's 604,000 people the government hired in two months, that's the highest change in government employment since 1948. that's not the bls doing something. that's the government hiring people and then there was part-time, you saw how many part-time people there were suddenly in the report. >> it's people who want to be full time people. >> it lowers the unemployment rate. 114,000 was not a good number. >> no but wait a minute -- >> and jack is like being crucified for just tongue and cheek comment. >> this discussion you're having is over the heads of most american people, including me, okay? >> that's not a high bar for you. >> no, that's not a high bar but let me say this to you. there are people out there that haven't got jobs. there are people out there -- >> they know how they feel. >> exactly, and let's go beyond that. w
. >> look at what the obama administration has done. >> it's three against one so give me fair time. >> the biden rules, got it. >> secondly, it was about three minutes into paul ryan's wrap had he said the president did not call this an act of terror for two weeks. flatly contradicted by the facts. the president called this an act of terror in day one. so i think, you have to be more will bahhance hand this. >> jared, my friend, that's not entirely true. the president went before the united nations and continued to argue that this was a spontaneous protest because of this video on youtube. that is the truth. hillary clinton stuck with that. they ran an advertisement, a tv ad which they put into pakistan. they said that at the dover air force base when the kafblgets of the ambassador and the others who were killed were right next to them and for joe biden to say he didn't know, jared, i'm sorry. for joe to say he didn't know they wanted more security, all of the evidence is pointing completely the other way. if you don't like my adjectives, fine, but all of the evidence is pointed i
asked the obama administration to pull the ad because they felt it was doing an injustice to "sesame street." i think separately from this, some context. obama raised $181 million in september. the $3 million swing from 2008 that wall street gave to obama and the $3 million it's now giving to romney, it's significant as a swing, but i don't think we should overstate the impact this will have electorally. on a deeper level, wall street is a contracting industry. that is simply a product of 2008. i think that would have happened regardless of whether or not mccain or obama had won. there is a degree of looking for a source of blame rather than, you know, this is a troubled time for wall street. again, i think that has a lot to do with the dynamics of the high levels of profitability wall street achieved 2004 through 2008. >> i see it as, here's an ad, and it makes the public look stupid. larry, you think they've gone too far in this. why? >> i wrote a book and outed a lot of the bad guys. i'm here to tell you that the democrats have essentially used the financial crisis as this massive
, has been suppressed. that is the vote on the obama administration. let's face it. if that were the same market under a reagan or a bush or even a clinton looking at a 20 or 25 multiple, we'd be trading at 2,000 or 2,500 in the s&p. we're looking right now at a situation where the weakness over the course of the last couple of days has been nothing more than protection being bought into the unknown which is the election, and that's -- >> that's ancillary weakness. >> i'll just repeat some of the things i said last night. i'm certainly no stock picker. leave that to my great pal, the brilliant jim cramer. all i'll say is in a romney victory i think the growth factor moves up to 4% growth in this country. i don't care about europe and china. i'm just saying in this country. they will probably follow. look, that means what? you start buying cyclicals, start buying industrials, start buying materials. you buy energy because romney is pro energy. you buy coal because romney is pro coal. you buy health care because romney won't nationalize the entire health care system. these are area
to paint the obama administration in lacking. but i didn't hear really biden in any of the summaries come out with any new policies or anything concrete that would be different from the current administration. >> what you did not hear was joe biden really talk about barack obama at all. joe biden on his game? he was. we thought it was overbearing. some might not. but joe biden did not make the case for why barack obama deserves to be president for four more years. maybe he made the case why he should be the democrat nominee in 2016, but he did not speak on behalf of the person on on top of that ticket. to some of the specific issues julian mentioned, if you don't think the polls have moved that much, then you aren't looking that closely. ohio is now within very much the margin of error. florida is going toward romney. and you're looking at states like michigan, pennsylvania, new hampshire, very much in play. this race is extremely tight. and that debate last night did not help democrats at all because guess what, joe biden did not explain why the ticket deserves to have four more years. h
. these chicago guys will do anything. can't debate, so change numbers. obama administration says it's ludicrous, but he stood by the remarks when he appeared on the kudlow report friday night. >> today the president was out on the stump and he didn't talk about 600,000 government workers added in the last two months. the largest number since the study's been done since 1948. he didn't talk about what you just talked about, 600,000 temporary. he talked about 7.8 for ate hours today. okay? 7.8. let's talk about how we get the 7.8. this election is too important to let one number that might be corrected next month determine the drought cooutcome of the el. >> joining us is david sim mons and lena is still with us. either of you got any sympathy with that view? >> not particularly. they're not going to be swayed one way are on yor the other by politics. the two don't always have to move in line with one another. so it's a hard art to make that it's been politically manipulated especially when the nonfarm payroll number was not 13 spectacular. >> speaking before those reports, a number of guests tho
. >> coming up in a moment, steve wynn has been critical of the obama administration's handling of the economy, hypercritical, even passing on a $2 billion project that would have created 35,000 jobs because he, in his words, is afraid of the president and the way he thinks. he is our special guest, starting at 7:30. duff & phelps finds the sweet spot that powers sound decisions. duff & phelps financial advisory and investment banking services. between black and white answers... ...and 1,000 shades of grey duff & phelps finds the sweet spot that powers sound decisions. duff & phelps financial advisory and investment banking services. >>> comments, questions? send them to @squawkcnbc on twitter. follow the show, and look for updates from andrew, becky, joe and the "squawk" staff. "squawk box" on cnbc and on twitter. >>> when we return, we will be joined by steve wynn. he's going to talk to us about building a business and what it takes. this is a man who knows how to do that. he'll sound off on the race for the white house and still to come, we have heard from jpmorgan this morning. we're still
as when we started. if you go back four years ago the month that the obama/biden administration was sworn into office we lost 720,000 jobs. and people talk about the recovery act but the month the recovery act passed, we hit bottom in terms of jobs, we now created 5.1 million new jobs. the other thing, becky, and you know the stock market, what was the month that the stock market hit bottom and started up again, the month we passed the stimulus bill. we have a long way to go. what's amazing to me, we have taken a major attack to our heart, second worst economic crisis since -- the first since the great depression and you just don't walk away from that and i think that we're still going away but i think this administration has done a lot and frankly when you look at what the governor and the congressman are promoting it's the same thing that really got us into this thing in the first place. >> senator, we have erskine bowles and alan simpson who are going to be interviewed by steve liesman today. >> yes, yes. >> what do you think about bowles-simpson and do you think it works its way into
the bigger banks being held accountable. >> helps the obama administration too. >> well, definitely a political win in that sense. been begging for someone to walk out. >> none of this is what i think people really care or know about and when they look at the details, they don't understand it well enough. eventually that's the cheaper way to go. >> we know that they would never do anything, you know, deliberately to try and get reelected. >> you want to get the congresswoman? >> no, no. never do that. not to the chicago guys. in the old days, remember the kennedy -- used to buy votes and unions. >> he said he didn't want his father to buy a landslide. >> in west virginia. >> in west virginia. >> yes. >> that's where i'm from. >> in the '60s, you did it the right way. not all this subterfuge. >> congresswoman, thank you very much. >> thank you very much. >>> when we come back, could one senator push the u.s. over the fiscal cliff? we have a comment you can't afford to miss right after this. maybe new buildings? what about updated equipment? they can help, but recent research shows...
are they misleading the american people? who is telling the truth here? and i think that the obama administration has a lot of questions they need to answer on that today. >> yeah. i want to play some sound, andrea, from our air yesterday. lloyd blankfein, erskine bowls, alan simpson. take a listen. this is erskine bowles. >> we have $7.7 trillion worth of economic events that are going to hit america in the gut in december. and in washington, they're doing nothing about it. nothing about it. we should be asking these guys running for president and every guy running for congress, what are you going to do? >> andrea, that's going to be an increasingly big part of this discussion over the next few weeks. is the governor going to make a step, at least to react to the way these two have reinserted themselves in the political debate? >> governor romney and paul ryan have laid out a comprehensive plan on what we need to do to get spending under control. president obama hasn't had a budget in four years. we have seen $4 trillion deficits under his lack of leadership with our debt reaching $16 trillion. and
Search Results 0 to 13 of about 14